Canada
Canada's Core Inflation Rate Unexpectedly Accelerates to 2.1% in February Canada’s core inflation rate
unexpectedly accelerated last month on higher costs for
automobile insurance and accommodation during the Vancouver
Winter Olympics, pressuring the central bank to increase
interest rates.
Aurizon Mines Targets Acquisitions to More Than Triple Output, CEO Says Aurizon Mines Ltd., owner of the
Casa Berardi mine in Quebec, said it’s looking for acquisitions
of early-stage exploration projects to help more than triple
output in the next five years.
Sticky Core Prices May Boost Pressure for Policy Rate Rise: Canada Credit Investors are bringing forward
their expectations for when the Bank of Canada will raise its
key interest rate after reports today showed a measure of
inflation above the bank’s forecast and strong retail sales.
Canada's Dollar Posts Third Consecutive Straight Weekly Gain on Rate Bets The Canadian dollar posted its
third consecutive weekly gain amid speculation the Bank of
Canada will raise interest rates before the Federal Reserve,
increasing the appeal of the nation’s assets.
Stocks Fall in Toronto as Commodity Producers Drop on Greece Debt Concerns Canadian stocks fell for a second
day, completing their first weekly loss this month, as energy
producers declined with commodity prices after European leaders
clashed over how to address the Greek debt crisis.
Shell, Nexen Make `Significant' Deepwater Oil Discovery in Gulf of Mexico Royal Dutch Shell Plc and Nexen
Inc. made a “significant” oil discovery in the Gulf of Mexico,
adding to finds in the area last year.
Canada January Retail Sales Increase as Home Renovation Tax Credit Expires Canadian retail sales rose in
January, as consumers stocked up on home improvement supplies
before a federal tax credit expired.
African Barrick Gold Raises 581 Million Pounds in Share Sale in London Barrick Gold Corp., the world’s
largest gold producer, raised 581 million pounds ($873 million)
selling shares of its African unit near the low end of its price
range in the biggest London initial public offering since 2008.
Icahn Begins Hostile $574.4 Million Bid for Lions Gate After Earlier Snub Carl Icahn began a $574 million
hostile offer to buy Lions Gate Entertainment Corp. after the
film studio rejected his efforts to increase his stake to as
much as 30 percent.
New Canada Dollar Trading Range May Maintain Currency's Strength, BMO Says Canada’s dollar may have entered a
new trading range that would limit weakening against its U.S.
counterpart, Bank of Montreal said.
Harper Donates Beer Winnings From Obama Olympic Bet to Hockey Hall of Fame Canadian Prime Minister Stephen
Harper will donate to the Hockey Hall of Fame two cases of beer
he won from U.S. President Barack Obama as payment for an
Olympic bet.
Halt Barrick Gold Mine Expansion, Shoshone Nevada Tribes Urge Court Barrick Gold Corp.’s expansion of a
Nevada mine must be halted until the federal government
completes an environmental analysis to comply with an appeals
court order, American Indian tribes said today.
Bank of Montreal Shirked Responsibility for Trading Losses, Cassidy Says Bank of Montreal’s record
commodity-trading losses in 2007 resulted from bad bets and
failed supervision of its employees, former Optionable Inc.
Chief Executive Officer Kevin Cassidy said while urging a
judge to throw out a lawsuit.
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